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Analysts warn of gold El Nino risk

Posted on 03 June 2014

China and India are perhaps the two key markets for gold and this puts the precious metal in an interesting position over the next few weeks. Emerging markets have been firmly in focus as growth concerns continue to weigh on gold and other commodities. Initially the assumption was a slowdown in China would lead to aggressive stimulus measures, which would ultimately benefit gold.
However, inflation is dropping off along with growth prospects, and with China being the largest importer of the metal, the recent slowdown has seen gold significantly on the back foot. In fact there had been a couple of things keeping gold afloat including the Fed’s huge QE program, Japan’s stimulus program and the Russia/Ukraine tension………………………………………..Full Article: Source


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